Components of Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2024

Components of Accumulated Other Comprehensive Income

NOTE 12. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table details changes in amounts included in our Accumulated Other Comprehensive Income (AOCI) by component on our Condensed Consolidated Balance Sheets, net of tax:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2024			2023			2024			2023
Pension and Other Postretirement Employee Benefits
Balance at beginning of period	$	(19,154	)	$	(28,625	)	$	(18,925	)	$	(28,494	)
Reclassifications from AOCI to earnings:
Other1		(305	)		(176	)		(611	)		(352	)
Tax effect		75			43			152			88
Net of tax amount		(230	)		(133	)		(459	)		(264	)
Other reclassifications		—			(211	)		—			(211	)
Balance at end of period		(19,384	)		(28,969	)		(19,384	)		(28,969	)
Cash Flow Hedges
Balance at beginning of period		137,882			108,811			121,957			126,146
Unrecognized gains (losses) arising in AOCI during the period:
Gross		9,325			22,754			31,197			8,873
Tax effect		(141	)		(462	)		(493	)		(172	)
Reclassifications from AOCI to earnings:
Gross2		(5,697	)		(4,726	)		(11,416	)		(8,563	)
Tax effect		124			108			248			201
Net of tax amount		3,611			17,674			19,536			339
Other reclassifications		—			45			—			45
Balance at end of period		141,493			126,530			141,493			126,530
Accumulated other comprehensive income, end of period	$	122,109		$	97,561		$	122,109		$	97,561

1 Included in the computation of net periodic pension costs.

2 Included in Interest expense, net on the Condensed Consolidated Statement of Operations.

See Note 11: Pension and Other Postretirement Employee Benefits and Note 6: Derivative Instruments for additional information.